Microsoft lays off nearly 5K workers, most of them at Xbox:  ‘Our business today is not healthy’

Microsoft is axing about 3,200 jobs across its Xbox video game business as the company moves to restructure the struggling division and pours resources into artificial intelligence.

The layoffs include 1,600 employees this week, with another 1,250 positions set to be eliminated over the rest of Microsoft's fiscal year, which began this month, Xbox Chief...